Listed by Streetcity Realty Inc..

124 Rectory Street is a Detached, 2-Storey and is currently for Sale @ $619,900. Taxes in 2024 were $0.00.

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Why rent or lease when you could own and generate multiple revenue streams with only one investment. The 2-Storey on 124 Rectory Street has 2 bedrooms, 1 bathrooms, and is located on a 97.42 x 30.08 ft loton < .50 acres in the community of East L . With CC zoning this property offers a range of commercial uses which services the day-to-day convenience needs of the immediate neighbourhood. Currently operating as an established turn-key restaurant offering licensed dine-in for 30 seats. Upgrades and improvements over the past two years which include a new central air unit, electrical and fixtures, 30-gallon grease trap, stainless steel counter tops, vinyl siding, basement waterproofing with 2 brand new sump pumps, the waterproofing comes with a 10 year worry free warranty. The completely refaced bar and dining room offers an inviting and cozy experience for customers. The current owner-occupied upper apartment provides easy access to your personal area while operating your business. It has 2 spacious bedrooms, a very large family room with a sloped ceiling that only adds to the charm of this generous space. Fully equipped with stacking washer/dryer, stainless steel fridge with lower freezer and a gas stove that has been gently used. If living on site isn't your thing, it is no problem rent it out and earn a bit of revenue as the apartment can be self-contained with its outside entrance that is perfect for a young professional couple or small family. There is onsite parking for 5 vehicles. If all of that isn't enough, you can even generate passive income when you assume the solar panel contract.

The address 124 Rectory Street was listed for sale (MLS# X8286862) on Thursday, April 04, 2024.